The New Zealand economy and its currency will likely struggle under the New Zealand government's apparent policy of covid-19 elimination, according to analysts at local lender BNZ who say they have cut their New Zealand Dollar projections.
August 20,2020
The New Zealand Dollar is rebounding back from heavily oversold conditions, a technical development that had become well overdue following a relentless multi-day sell-off driven by expectations the RBNZ would cut its main rate below 0% in coming months.
August 19,2020
The Pound-New Zealand Dollar exchange rate has this week broken above the psychologically significant 2.0 level, courtesy of an ongoing rout of the New Zealand Dollar linked to lingering expectations for negative interest rates to be introduced by the Reserve Bank of New Zealand (RBNZ) at some point in coming months.
August 18,2020
The British Pound has advanced a further 1.0% against the New Zealand Dollar this week with gains ensuring the GBP/NZD exchange rate touched the psychologically significant 2.0 level for the first time since early June ahead of the weekend.
August 19,2020
The New Zealand Dollar was the worst performing major currency in the midweek session as it lost ground against the majority of its peers in the wake of a decidedly dovish Reserve Bank of New Zealand (RBNZ) update.
August 12,2020
The New Zealand Dollar could be due a relief bounce in the wake of Wednesday's highly anticipated meeting of the Reserve Bank of New Zealand (RBNZ), with one analyst saying the hurdle is high for the statement to be taken as sufficiently dovish to prompt further downside.
August 11,2020
The Pound-New Zealand Dollar exchange rate is trading higher at the start of the new week in line with the broadly supportive technical structure of the market, however a highly anticipated mid-week meeting of the Reserve Bank of New Zealand could inject some volatility into the exchange rate.
August 10,2020
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